2-Step Process For Starting a Small Business

There are a million ways a person can start a small business, but which of those million ways is right for you?

Starting a small business the wrong way can pave the path towards failure right away.

And as a startup, you need all the help you can get.

So here is one way that our customers love to start their small business. It is actually a 2 step process.

Obviously, since we say “our customers”, we mean people (like you) who have opted in to receive help from Canada Startups in order to start their small business.

Before we go further into the 2 steps to start a small business, let me quickly tell you what CanadaStartups can do for you.

CanadaStartups provides you (the entrepreneur) with the tools and resources you need to startup, fund and launch your small business. Basically we help show you how you can build your business from ground up, and most entrepreneurs are able to do this within 30 days.

With the tools and resources provided to you, you pretty much have all that you need. The tools include: the Small Business Startup Guide, Business Plan Builder Tool, Funding Database, Investor PitchDeck and hundreds of templates and other tools to get you going.

If you want to take a quick look to see if this is something that can be right for you – take a sneak peek right here.

Back to the 2 Step Process to Starting a Small Business.

The first step is very simple. Take a piece of paper and answer the following questions “on paper”.

• What industry are you starting a business in?
• Who are your 5 competitors?
• Why are they your competitors?
• Who is your target audience?
• Why are they your target audience?
• What is the advantage you see your business having over others?
• Where do you see yourself in the next year?
• How will you get there?
• What happens if it doesn’t work out?
• Do you have funding, and if so how much, and if not how much do you need?

Once you’ve answered these questions on paper. Read them and make sure you are satisfied with the answers.

Don’t guess, but try to be as accurate as possible.

One tip is to ask your family member, or a friend to read you the questions and you try to answer them without looking at your paper.

This gets you in the zone, and makes you know your industry, business and audience.

This really is like a research period.

If you are satisfied with what you have, the next step is to get a business plan written.

Yes yes I know, it seems like a lot of work.

But remember, that most people starting a business and “fail”, are the people who missed this step (or saved this step for last).

Your business plan is one of the most important steps which you pretty much must follow in order to have the highest chance of success.

So, get your business plan written.

Your options are to do it yourself, get a professional written, or use the business plan tool which we offer (this one is pretty much fill in the blanks).

By the time you complete a business plan (and step 1 and 2 from above), you are knowledgeable of your industry, your customers, your product/services and exactly what you need to succeed.

The next step is you launching your business.

That process is also a detailed process which requires you to register your business, ensure you have all the tools needed, and take it one step at a time.

Be sure to consider CanadaStartups as your guide in all of this, as they offer an excellent step by step startup guide with many useful tools and guidance along the way.